The Housing Markets in Red vs. Blue States
According to Reuters, “Blue” states, which traditionally vote Democratic have experienced a greater housing boom then the traditionally Republican “Red” states.
Will this affect the upcoming election?
University of Maryland Economist Peter Morici says, “They (red states) don’t need a housing value collapse for them to turn on Bush, they are turning on Bush by the fact that their housing values have not gone up in the first place.” While “blue” states such as New York & California have seen record growth over the past several years, the “red” states in the middle of the country have languished, comparatively.
Will this lack of growth in the housing market help usher the Democrats into office on Tuesday?
Only time will tell . . .
Is the Vancouver Real Estate Market Cooling Off?
CKNW News Talk 980 AM Radio is reporting that according to the Real Estate Board of Greater Vancouver, residential home sales decreased 12% in October ’06 from ’05. In addition, new listings are up 20% comparing the same time periods.
Foreclosure Rescue Loans for 2 Counties in Ohio
Residents of Butler and Warren Counties in Ohio can qualify for loans up to $3,000 under the Ohio Home Rescue Fund to help them avoid foreclosure, reports The Enquirer. “Recipients of the 36-month forgivable loans will receive foreclosure prevention and budget counseling and must be able to make future mortgage payments.”
Related posts:
- BusinessWeek’s 10 Healthiest Housing Markets
- Who has the highest foreclosure rate in the nation?
- The 10 Least and Most Affordable US Housing Markets
- Hot housing markets starting to slow down
- Mid-September National Foreclosure Update
Article Author: Joshua DorkinJoshua has written 568 articles for us.
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Joshua Dorkin (@jrdorkin, Google+) is the founder and CEO of BiggerPockets.Mr. Dorkin's vision for BiggerPockets has helped to propel it into becoming one of the top real estate destinations online. His vision for the site and its future has brought national press attention to both Mr. Dorkin and to BiggerPockets.
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